•  the scale of inflation is skewing everything that stems from dollar valuation.
  •   fourth quarter GDP statistic (+6.9%) is useless and was an outcome of several flawed metrics: (1) the import data was misrepresented and not accurately deducted (supply chain issue); (2) the value of building inventories was over calculated as an outcome of inflation; and (3) the value of all economic activity was subsequently skewed because the economic outputs (goods and services) were recorded at higher prices.
  • Psaki is prepositioning a narrative that employment data in January will be lower than expectations, perhaps considerably lower, as a result of “workers calling out sick” from COVID, ie. the omicron variant, during the time when employment polling was conducted.  That is a very unusual proactive narrative.
  • Someone knows something.
  •    Keeping in mind the official 4th quarter result was +6.9%, the Atlanta Fed is saying the first quarter of 2022 looks like 0.1%.
  • [DATA SOURCE – Graphic Source]
  • The economy of the United States doesn’t go, heck, cannot go, from 7% to ZERO in one quarter without some massive dynamic, like closing down the economy…..
  • Unless….
  •  
  • The economy doesn’t go from 6.9% growth in December to ZERO growth a few days later without something substantive happening in the background.    the inventory buildup, cited by the Bureau of Economic Analysis in December, was the result of a massive drop in demand that took place in the three previous months. Let’s see what happens

Source: theconservativetreehouse.com

Biden Fed Nominee Has History of Black Lives Matter Bullying, Support for Reparations

  • Dr. Lisa Cook, one of President Joe Biden’s nominees for the Federal Reserve board of governors, has a history of canceling those critical of Black Lives Matter (BLM), supporting reparations, and advocating for policies that could politicize the Fed.
  • Cook is a professor of economics and international relations at Michigan State University. Cook served as the deputy team lead for the Federal Reserve, Banking, and Securities Agency Review Team on the Biden-Harris Transition Team.
  • Cook and Sarah Bloom Raskin are both up for consideration for the Board of Governors of the Federal Reserve System. If confirmed, they will be one of seven Fed governors. That will make them voting members of the Federal Open Market Committee, which sets interest rate policy in the U.S. The Senate Banking Committee will hold a hearing this Thursday regarding their qualifications for the position.
  • Senate Banking Committee Ranking Member Pat Toomey (R-PA) raised serious questions this week regarding Cook and Raskin’s paperwork omissions.
  • Cook omitted that she gave a presentation in support of H.R. 40, a bill to create a commission to study and develop reparations proposals. Cook later filed a five-page addendum listing hundreds of pages of documents and hours of audio-video material that she initially failed to disclose.

Source: breitbart.com